The paper is aimed at studying the absolute and conditional convergence in the Central and Eastern European countries. Given that these countries have common roots and their economies have experienced similar challenges over time, the regional convergence in the CEE region might be seen as an...

This paper analyzes the process of real economic convergence in the New Member States (NMS) bein g formerly centrally planned economies, using nonparametric methods instead of conventional parametric measurement tools like beta and sigma models. This methodological framework allows the examining...

In the context of a growing Romanian retail market in recent years, we analyse the acquisition of retail chain Plus by discounter Lidl, finalised in 2010. The subject is treated from the perspective of EU competition policy. We begin with a literature review on the main concepts used in...

Small and medium-sized enterprises (SMEs) in trade and tourism confront themselves with a rather precarious level of managerial training. Data collected by means of a field research on SMEs in Brasov city tends to support this view. The paper highlights some of the findings of the research in...

The aim of this paper is to emphasize the role of internet for small and medium-sized enterprises (SMEs) operating in the hospitality industry. First, some brief considerations are made on the growing importance of the internet for travel sales on the European market. Online marketing offers...

The European Union (EU) supports small and medium-sized enterprises (SMEs) through various programmes of financing. Thispaper starts by reviewing the recent literature related to the topic of EU funds accessed by SMEs. By means of a broad classification, the second section tries to shed a light...

This aim of this paper is to emphasize the role of strategy within small and medium-sized enterprises (SMEs) operating in trade. First, some brief considerations are made on the particular traits of strategy in trade SMEs as described in various studies. Then, the most important strategic...

This paper examines the economic and managerial impact of Romania’s accession to the European Union for small and medium-sized enterprises (SMEs) active in the field of tourism. First, a brief description of the tourism sector in the European Union is given, stressing the fact that this sector...